Anico: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Anico
Largest movements
- Stocks and contracts +€1.7m
new in 2025: €1.7m
- Cash +€812,815
up €812,815 (+1899.5%), from €42,790 to €855,605
mainly Short-term financial debts (+€2.0m) and Debts after one year (+€332,806)
- Intangible fixed assets +€333,138
new in 2025: €333,138
- Tangible fixed assets +€83,916
up €83,916 (+17.0%), from €494,870 to €578,787
of which Plant, machinery and equipment: +€131,575
- Receivables within one year +€36,356
up €36,356 (+145.8%), from €24,936 to €61,292
of which Trade receivables: +€52,409
- Short-term financial debts +€2.0m
new in 2025: €2.0m
- Debts after one year +€332,806
up €332,806 (+19.1%), from €1.7m to €2.1m
of which Financial debts: +€574,591
- Tax, wage and social debts +€318,817
new in 2025: €318,817
of which Taxes: +€177,865
- Trade debts +€315,746
up €315,746 (+341.0%), from €92,587 to €408,333
- Gross operating margin +€1.0m
up €1.0m, from -€77,942 to €961,626
- Staff costs +€659,711
new in 2025: €659,711
- Financial charges +€113,760
up €113,760 (+205.5%), from €55,356 to €169,116
- Depreciation +€30,747
up €30,747 (+56.8%), from €54,160 to €84,906
- Other operating charges +€12,408
up €12,408 (+38.2%), from €32,484 to €44,892
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €562,596 | €3,508,023 | +€2.9m | +523.5% |
| Fixed assets | 21/28 | €494,870 | €933,179 | +€438,309 | +88.6% |
| Intangible fixed assets | 21 | - | €333,138 | +€333,138 | |
| Tangible fixed assets | 22/27 | €494,870 | €578,787 | +€83,916 | +17.0% |
| Land and buildings | 22 | €494,870 | €440,711 | -€54,160 | -10.9% |
| Plant, machinery and equipment | 23 | - | €131,575 | +€131,575 | |
| Furniture and vehicles | 24 | - | €6,501 | +€6,501 | |
| Financial fixed assets | 28 | - | €21,255 | +€21,255 | |
| Current assets | 29/58 | €67,726 | €2,574,844 | +€2.5m | +3701.8% |
| Stocks and contracts in progress | 3 | - | €1,655,309 | +€1.7m | |
| Stocks | 30/36 | - | €1,655,309 | +€1.7m | |
| Amounts receivable within one year | 40/41 | €24,936 | €61,292 | +€36,356 | +145.8% |
| Trade receivables | 40 | - | €52,409 | +€52,409 | |
| Other amounts receivable | 41 | €24,936 | €8,883 | -€16,053 | -64.4% |
| Cash at bank and in hand | 54/58 | €42,790 | €855,605 | +€812,815 | +1899.5% |
| Deferred charges and accrued income | 490/1 | - | €2,638 | +€2,638 | |
| Total equity and liabilities | 10/49 | €562,596 | €3,508,023 | +€2.9m | +523.5% |
| Equity | 10/15 | -€1,428,558 | -€1,433,207 | -€4,649 | -0.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €172,919 | €158,354 | -€14,565 | -8.4% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Tax-exempt reserves | 132 | €97,895 | €83,330 | -€14,565 | -14.9% |
| Distributable reserves | 133 | €73,024 | €75,024 | +€2,000 | +2.7% |
| Profit (loss) carried forward | 14 | -€1,621,476 | -€1,611,561 | +€9,916 | +0.6% |
| Provisions and deferred taxes | 16 | €50,431 | €42,927 | -€7,503 | -14.9% |
| Deferred taxes | 168 | €50,431 | €42,927 | -€7,503 | -14.9% |
| Amounts payable | 17/49 | €1,940,723 | €4,898,302 | +€3.0m | +152.4% |
| Amounts payable after more than one year | 17 | €1,738,818 | €2,071,624 | +€332,806 | +19.1% |
| Financial debts | 170/4 | €1,497,032 | €2,071,624 | +€574,591 | +38.4% |
| Other amounts payable | 178/9 | €241,785 | - | -€241,785 | |
| Amounts payable within one year | 42/48 | €201,905 | €2,796,505 | +€2.6m | +1285.1% |
| Current portion of amounts payable after more than one year | 42 | €109,318 | €104,354 | -€4,964 | -4.5% |
| Financial debts | 43 | - | €1,965,000 | +€2.0m | |
| Credit institutions | 430/8 | - | €1,965,000 | +€2.0m | |
| Trade debts | 44 | €92,587 | €408,333 | +€315,746 | +341.0% |
| Suppliers | 440/4 | €92,587 | €408,333 | +€315,746 | +341.0% |
| Taxes, remuneration and social security | 45 | - | €318,817 | +€318,817 | |
| Taxes | 450/3 | - | €177,865 | +€177,865 | |
| Remuneration and social security | 454/9 | - | €140,952 | +€140,952 | |
| Accrued charges and deferred income | 492/3 | - | €30,174 | +€30,174 | |
| Remuneration, social security and pensions | 62 | - | €659,711 | +€659,711 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,160 | €84,906 | +€30,747 | +56.8% |
| Other operating charges | 640/8 | €32,484 | €44,892 | +€12,408 | +38.2% |
| Non-recurring operating charges | 66A | - | €15,956 | +€15,956 | |
| Gross operating margin | 9900 | -€77,942 | €961,626 | +€1.0m | |
| Operating profit (loss) | 9901 | -€164,586 | €156,160 | +€320,746 | |
| Financial income | 75/76B | €2,014 | €803 | -€1,210 | -60.1% |
| Recurring financial income | 75 | €2,014 | €803 | -€1,210 | -60.1% |
| Non-recurring financial income | 76B | €2,014 | - | -€2,014 | |
| Financial charges | 65/66B | €55,356 | €169,116 | +€113,760 | +205.5% |
| Recurring financial charges | 65 | €55,356 | €169,116 | +€113,760 | +205.5% |
| Profit (loss) for the period before taxes | 9903 | -€217,928 | -€12,153 | +€205,776 | +94.4% |
| Transfer from deferred taxes | 780 | €7,503 | €7,503 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€210,425 | -€4,649 | +€205,776 | +97.8% |
| Transfer from tax-exempt reserves | 789 | €14,565 | €14,565 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€195,860 | €9,916 | +€205,776 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.